Sunday, May 31, 2020

Hotels

Global hotel commercial real estate news, insights, trends including resorts, lodging, casino hotels, acquisitions, disposals and openings.

hotel in California

Ashford Trust acquires a hotel in California

Ashford Hospitality Trust, Inc. has acquired Hilton Santa Cruz/Scotts Valley in Santa Cruz, California for $50 million. To...
Australian hotel news

AXA IM-Real Assets buys Australian hotel portfolio

AXA Investment Managers - Real Assets has acquired 831 room Australian hotel portfolio for A$330.4 million. The acquisition is...
CRE Herald commercial real estate news

Hyatt and BTG Hotels to create new hospitality brand

Hyatt Hotels Corporation and BTG Hotels Co. have entered a strategic joint venture to create a new hospitality brand to expand across...

Miami’s historic iconic hotel sold to joint venture

A joint venture between Deutsche Finance America, Bilgili Holding and SHVO has purchased the historic Raleigh Hotel property in Miami for...
US hotel industry

Pebblebrook Hotel Trust sells Hotel Palomar Washington

Pebblebrook Hotel Trust has sold the 335-room, Hotel Palomar Washington, DC for $141.5 million. The sale price of $141.5...
Asia Pacific hotel investment

Asia Pacific hotel investments to grow in 2019

According to JLL's latest Hotel Investment Outlook report, hotel investments expected to rise 15 percent in 2019 compared to the last...
Hilton new brand

Hilton launches its new brand for business travelers

Hilton (NYSE: HLT) has launched its new meetings-and-events-focused brand Signia Hilton, including a minimum of 500 guest rooms and 75 square feet per...
US hotel industry

Starwood Capital Group sells a hotel in Miami for $610 million

Starwood Capital Group has sold the 1 Hotel South Beach in Miami Beach, Florida for $610 million to Host Hotels & Resorts.
Luxury hotels

IHG buys luxury hotel portfolio for $300 million

Inter Continental Hotels Group has acquired Six Senses Hotels Resorts Spas for $300 million from Pegasus Capital Advisors.It includes all of Six...
US hotel industry

Park Hotels & Resorts Inc sells Pointe Hilton Squaw Peak Resort for $51.4 million

Park Hotels & Resorts Inc. has sold the 563-room Pointe Hilton Squaw Peak Resort, located in Phoenix, AZ, for f $51.4 million.

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